Small businesses move fast. Their insurance should keep up.
The agility of small businesses can be their strength—but a pitfall for insurers trying to keep coverage aligned with the risk. A policy written two years ago may be obsolete by renewal, leaving the insurer with mispriced risk and unexpected exposure.
How do you measure alignment between the policies in your small commercial portfolio and the risks on the ground? How do you ensure that your book of business matches your risk appetite?
To answer those questions, you may need to pause and take stock, applying structured, relevant data to help determine where you stand in relation to your strategic goals.
Explore this topic in our new white paper and see how a small commercial portfolio analysis can point the way forward to better alignment and new opportunities.
Fill out the form to receive a copy of the report.
Streamlining the underwriting process requires confidence in the quality of the data you rely on to make decisions. Using a data provider with broad insurance industry expertise can translate into a nuanced understanding of the insights generated by image analytics. Verisk data scientists continually test and develop models to ensure the level of reliability needed to provide actionable underwriting insights that can help you sustainably grow your portfolio and boost profitability.
Integrated directly into LightSpeed® Small Commercial, image analytics paired with other robust data sources can provide insurers with a holistic underwriting solution that helps refine risk assessment and improve customer and agent experiences.